þ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Ohio | 31-0746639 | |
(State or other jurisdiction of
Incorporation or organization) |
(I.R.S. Employer Identification No.) | |
810 DSW Drive, Columbus, Ohio | 43219 | |
(Address of principal executive offices) | (Zip Code) |
Large accelerated filer o | Accelerated filer þ | Non-accelerated filer o | Smaller reporting company o | |||
(Do not check if smaller reporting company) |
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26 | ||||||||
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Exhibit 10.1 | ||||||||
Exhibit 10.2 | ||||||||
Exhibit 31.1 | ||||||||
Exhibit 31.2 | ||||||||
Exhibit 32.1 | ||||||||
Exhibit 32.2 |
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Item 1.
(in thousands, except share amounts)
(unaudited)
Table of Contents
(in thousands, except per share amounts)
(unaudited)
Three months ended
Nine months ended
October 31,
November 1,
October 31,
November 1,
2009
2008
2009
2008
$
444,621
$
391,355
$
1,199,957
$
1,114,794
(297,462
)
(282,280
)
(850,029
)
(807,578
)
147,159
109,075
349,928
307,216
(102,438
)
(88,158
)
(281,743
)
(252,614
)
44,721
20,917
68,185
54,602
(176
)
(270
)
(547
)
(848
)
621
956
1,824
2,677
445
686
1,277
1,829
(754
)
(621
)
44,412
21,603
68,841
56,431
(17,781
)
(8,425
)
(27,498
)
(22,008
)
$
26,631
$
13,178
$
41,343
$
34,423
$
0.60
$
0.30
$
0.94
$
0.78
$
0.60
$
0.30
$
0.93
$
0.78
44,144
44,011
44,079
43,992
44,486
44,240
44,398
44,210
Table of Contents
(in thousands)
(unaudited)
Number of
Accumulated
Class A
Class B
Class A
Class B
Other
Common
Common
Common
Common
Retained
Comprehensive
Shares
Shares
Shares
Shares
Earnings
Loss
Total
16,264
27,703
$
288,365
$
$
145,115
$
$
433,480
34,423
34,423
(941
)
(941
)
33,482
44
592
592
1
17
17
(24
)
(24
)
2
(13
)
(13
)
3,252
3,252
16,311
27,703
$
292,189
$
$
179,538
$
(941
)
$
470,786
16,316
27,703
$
294,222
$
$
172,017
$
(655
)
$
465,584
41,343
41,343
(99
)
(99
)
41,244
754
754
46
584
584
52
641
641
54
(177
)
(177
)
4,213
4,213
16,468
27,703
$
299,483
$
$
213,360
$
$
512,843
Table of Contents
(in thousands)
(unaudited)
Nine months ended
October 31,
November 1,
2009
2008
$
41,343
$
34,423
34,415
24,409
88
88
4,213
3,252
(5,572
)
(4,511
)
266
540
481
1,586
621
584
592
(5,622
)
(7,484
)
(1,187
)
2,455
(45,387
)
(57,207
)
2,971
(716
)
49,838
25,029
6,680
14,928
44,478
21,426
128,210
58,810
(18,671
)
(66,599
)
(161,147
)
(182,672
)
(12,105
)
(2,000
)
101,106
174,213
3,675
2,000
(87,142
)
(75,058
)
641
17
641
17
41,709
(16,231
)
54,782
61,801
$
96,491
$
45,570
$
7,398
$
12,869
$
(1,911
)
$
116
$
(1,818
)
Table of Contents
(unaudited)
1.
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
2.
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
3.
Nine months ended
October 31, 2009
2,125
946
(52
)
(378
)
2,641
856
Nine months ended
October 31,
November 1,
2009
2008
1.9
%
2.8
%
57.6
%
48.1
%
4.9 years
4.9 years
0.0
%
0.0
%
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
Nine months ended
October 31, 2009
226
179
(73
)
(63
)
269
4.
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
Short-term investments, net
Long-term investments, net
October 31,
January 31,
October 31,
January 31,
2009
2009
2009
2009
(in thousands)
$
125,639
$
65,829
13,160
16,580
7,200
2,000
15,000
14,000
3,650
$
2,500
$
2,400
(754
)
(1,134
)
(655
)
160,999
101,404
1,746
1,266
8,430
$
169,429
$
101,404
$
1,746
$
1,266
5.
Balance as of
October 31,
2009
Level 1
Level 2
Level 3
(in thousands)
$
96,491
$
96,491
169,429
$
169,429
1,746
$
1,746
$
267,666
$
96,491
$
169,429
$
1,746
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
Short-term
Long-term
investments, net
investments, net
(in thousands)
$
1,771
(1,771
)
$
1,771
729
(754
)
$
$
1,746
Short-term
Long-term
investments, net
investments, net
(in thousands)
$
1,845
$
1,266
(1,266
)
(1,845
)
1,845
655
(754
)
$
$
1,746
Balance as of
October 31,
2009
Level 1
Level 2
Level 3
(in thousands)
$
762
$
762
$
762
$
762
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
6.
Three months ended
Nine months ended
October 31,
November 1,
October 31,
November 1,
2009
2008
2009
2008
(in thousands)
44,144
44,011
44,079
43,992
70
23
272
229
296
218
44,486
44,240
44,398
44,210
7.
8.
Table of Contents
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
9.
Leased
DSW
departments
Total
(in thousands)
$
407,186
$
37,435
$
444,621
139,550
7,609
147,159
3,605
31
3,636
$
350,066
$
41,289
$
391,355
101,597
7,478
109,075
22,758
48
22,806
$
1,086,514
$
113,443
$
1,199,957
328,448
21,480
349,928
16,703
73
16,776
$
986,841
$
127,953
$
1,114,794
285,283
21,933
307,216
66,427
305
66,732
$
794,493
$
63,282
$
857,775
$
659,876
$
61,321
$
721,197
10.
11.
Table of Contents
Item 2.
Table of Contents
Table of Contents
Three months ended
Nine months ended
October 31,
November 1,
October 31,
November 1,
2009
2008
2009
2008
100.0
%
100.0
%
100.0
%
100.0
%
(66.9
)
(72.1
)
(70.8
)
(72.4
)
33.1
27.9
29.2
27.6
(23.0
)
(22.5
)
(23.5
)
(22.7
)
10.1
5.4
5.7
4.9
0.1
0.2
0.1
0.2
(0.2
)
(0.1
)
10.0
5.6
5.7
5.1
(4.0
)
(2.2
)
(2.3
)
(2.0
)
6.0
%
3.4
%
3.4
%
3.1
%
Three months ended
October 31, 2009
(in millions)
$
391.4
30.5
22.7
$
444.6
Table of Contents
Three months ended
October 31,
November 1,
2009
2008
(in millions)
$
407.2
$
350.1
37.4
41.3
$
444.6
$
391.4
Three months ended
October 31, 2009
9.8
%
(1.5
%)
8.7
%
October 31,
November 1,
2009
2008
34.3
%
29.0
%
20.3
%
18.1
%
33.1
%
27.9
%
Table of Contents
Nine months ended
October 31, 2009
(in millions)
$
1,114.8
4.2
81.0
$
1,200.0
Nine months ended
October 31,
November 1,
2009
2008
(in millions)
$
1,086.5
$
986.8
113.5
128.0
$
1,200.0
$
1,114.8
Nine months ended
October 31, 2009
1.1
%
(5.3
%)
0.4
%
October 31,
November 1,
2009
2008
30.2
%
28.9
%
18.9
%
17.1
%
29.2
%
27.6
%
Table of Contents
Table of Contents
Table of Contents
Item 3.
Item 4.
Table of Contents
23
24
Item 1.
Item 1A.
Table of Contents
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
Table of Contents
25
DSW INC.
(Registrant)
Date: December 3, 2009
By:
/s/ Douglas J. Probst
Douglas J. Probst
Executive Vice President and Chief
Financial Officer
(principal financial officer and duly
authorized officer)
Table of Contents
26
Exhibit Number
Description
10.1
10.2
31.1
31.2
32.1
32.2
(a) | As of the Effective Date, the table set forth in Section 1.2 is hereby deleted and restated: |
Date of Delivery by | Approx. Square | Approx. Total Square | ||||||
Landlord | Footage Delivered | Footage | ||||||
October 1, 2007
|
265,000 | 265,000 | ||||||
February 28, 2010
|
79,270 | 344,270 | ||||||
February 28, 2011
|
200,000 | 544,270 | ||||||
February 28, 2012
|
62,000 | 606,270 | ||||||
February 28, 2014
|
120,000 | 726,270 |
1 st | Monthly | |||||||||||||||||||||||
Total 1 st | Floor | Bsmt | Installts of | |||||||||||||||||||||
Period | Floor SF | $/SF/yr | Bsmt SF | $/SF/yr | Annual Rent | Annual Rent | ||||||||||||||||||
2/01/2008 to
12/31/2008
|
265,000 | $ | 2.25 | $ | 596,250.00 | $ | 49,687.50 | |||||||||||||||||
1/01/2009 to
2/28/2010
|
265,000 | $ | 2.10 | $ | 556,500.00 | $ | 46,375.00 | |||||||||||||||||
3/01/2010 to
2/28/2011
|
344,270 | $ | 2.00 | $ | 688,540.00 | $ | 57,378.33 | |||||||||||||||||
3/01/2011 to
2/28/2012
|
544,270 | $ | 2.00 | $ | 1,088,540.00 | $ | 90,711.67 | |||||||||||||||||
3/01/2012 to
2/29/2013
|
606,270 | $ | 2.00 | $ | 1,212,540.00 | $ | 101,045.00 | |||||||||||||||||
3/01/2013 to
2/28/2014
|
606,270 | $ | 2.00 | $ | 1,212,540.00 | $ | 101,045.00 | |||||||||||||||||
3/01/2014 to
2/28/2015
|
606,270 | $ | 2.00 | 120,000 | $ | 0.30 | $ | 1,248,540.00 | $ | 104,045.00 | ||||||||||||||
3/01/2015 to
2/28/2016
|
606,270 | $ | 2.00 | 120,000 | $ | 0.35 | $ | 1,254,540.00 | $ | 104,545.00 | ||||||||||||||
3/01/2016 to
2/28/2017
|
606,270 | $ | 2.00 | 120,000 | $ | 0.40 | $ | 1,260,540.00 | $ | 105,045.00 | ||||||||||||||
3/01/2017 to
9/30/2017
|
606,270 | $ | 2.00 | 120,000 | $ | 0.45 | $ | 1,266,540.00 | $ | 105,545.00 | ||||||||||||||
First Option Term
(5yrs.)
|
606,270 | $ | 2.40 | 120,000 | $ | 0.50 | $ | 1,515,048.00 | $ | 126,254.00 | ||||||||||||||
Second Option Term
(5 yrs.)
|
606,270 | $ | 2.70 | 120,000 | $ | 0.50 | $ | 1,696,929.00 | $ | 141,410.75 |
(b) | Tenant shall have the option to further defer the delivery schedule for expansions of the Leased Premises; provided however, Tenants option shall only be effective if both (1) Tenant gives written notice to Landlord of the exercise of this option on January 29, 2010, and (2) Tenants sales (net of returns) for its DSW.com division on a trailing 12 month basis is less than $68 million. In the event that Tenant does not exercise its option or that these requirements are not met, then Tenant shall not have the right to defer the delivery schedule for expansion of the Leased Premises. In the event that Tenant properly exercises its option under this subparagraph 3(b), then, as of the Effective Date, the table set forth in Section 1.2 is hereby deleted and restated: |
Date of Delivery by | Approx. Square | Approx. Total Square | ||||||
Landlord | Footage Delivered | Footage | ||||||
October 1, 2007
|
265,000 | 265,000 | ||||||
September 1, 2010
|
79,270 | 344,270 | ||||||
September 1, 2011
|
200,000 | 544,270 | ||||||
September 1, 2012
|
62,000 | 606,270 | ||||||
September 1, 2014
|
120,000 | 726,270 |
2
1 st | Monthly | |||||||||||||||||||||||
Total 1 st | Floor | Bsmt | Installts of | |||||||||||||||||||||
Period | Floor SF | $/SF/yr | Bsmt SF | $/SF/yr | Annual Rent | Annual Rent | ||||||||||||||||||
2/01/2008 to
12/31/2008
|
265,000 | $ | 2.25 | $ | 596,250.00 | $ | 49,687.50 | |||||||||||||||||
1/01/2009 to
8/31/2010
|
265,000 | $ | 2.10 | $ | 556,500.00 | $ | 46,375.00 | |||||||||||||||||
9/01/2010 to
8/31/2011
|
344,270 | $ | 2.00 | $ | 688,540.00 | $ | 57,378.33 | |||||||||||||||||
9/01/2011 to
8/31/2012
|
544,270 | $ | 2.00 | $ | 1,088,540.00 | $ | 90,711.67 | |||||||||||||||||
9/01/2012 to
8/31/2013
|
606,270 | $ | 2.00 | $ | 1,212,540.00 | $ | 101,045.00 | |||||||||||||||||
9/01/2013 to
8/31/2014
|
606,270 | $ | 2.00 | $ | 1,212,540.00 | $ | 101,045.00 | |||||||||||||||||
9/01/2014 to
8/31/2015
|
606,270 | $ | 2.00 | 120,000 | $ | 0.30 | $ | 1,248,540.00 | $ | 104,045.00 | ||||||||||||||
9/01/2015 to
8/31/2016
|
606,270 | $ | 2.00 | 120,000 | $ | 0.35 | $ | 1,254,540.00 | $ | 104,545.00 | ||||||||||||||
9/01/2016 to
9/30/2017
|
606,270 | $ | 2.00 | 120,000 | $ | 0.40 | $ | 1,260,540.00 | $ | 105,045.00 | ||||||||||||||
First Option Term
(5yrs.)
|
606,270 | $ | 2.40 | 120,000 | $ | 0.50 | $ | 1,515,048.00 | $ | 126,254.00 | ||||||||||||||
Second Option Term
(5 yrs.)
|
606,270 | $ | 2.70 | 120,000 | $ | 0.50 | $ | 1,696,929.00 | $ | 141,410.75 |
(a) | (i) Unless Tenant properly exercises the option granted in subparagraph 3(b) above, Tenant shall pay on February 1, 2010 a fee of $69,757.56, or |
(ii) If Tenant properly exercises the option granted in subparagraph 3(b) above, Tenant shall pay on February 1, 2010 a fee of $45,051.75. |
(b) | Tenants obligations in the Lease with respect to Tenants Pro Rata Share of Monthly Impositions, Pro Rata Share of Monthly Maintenance Costs and Monthly Pro Rata Share of Insurance Premiums are not modified by this paragraph 4 and shall remain unchanged. |
3
4
LANDLORD:
4300 VENTURE 34910 LLC, a Delaware limited liability company |
||||||||||||||||
|
||||||||||||||||
By: |
4300 EAST FIFTH AVENUE LLC,
an Ohio limited liability company, its Member |
|||||||||||||||
|
||||||||||||||||
By: |
JUBILEE-AIRCENTER, L.L.C.,
a Delaware limited liability company, its Managing Member |
|||||||||||||||
|
||||||||||||||||
By: |
JUBILEE LIMITED PARTNERSHIP,
an Ohio limited partnership, its Managing Member |
|||||||||||||||
|
||||||||||||||||
By: |
SCHOTTENSTEIN PROFESSIONAL
ASSET MANAGEMENT CORPORATION, a Delaware corporation, its General Partner |
|||||||||||||||
|
||||||||||||||||
By: | /s/ Jay L. Schottenstein | |||||||||||||||
|
Print Name: | Jay L. Schottenstein | ||||||||||||||
|
Title: Chairman | |||||||||||||||
|
||||||||||||||||
TENANT:
ETAILDIRECT LLC an Ohio limited liability company |
||||||||||||||||
|
||||||||||||||||
By: | /s/ William L. Jordan | |||||||||||||||
Print Name: William L. Jordan | ||||||||||||||||
Title: Executive Vice President and General Counsel | ||||||||||||||||
|
||||||||||||||||
SIGNING SOLELY TO CONSENT AND CONFIRM AS STATED IN PARAGRAPH 6, ABOVE:
DSW INC., an Ohio corporation |
||||||||||||||||
|
||||||||||||||||
By: | /s/ William L. Jordan | |||||||||||||||
Print Name: William L. Jordan | ||||||||||||||||
Title: Executive Vice President and General Counsel |
5
2
3
4
5
RVI | ||||||
|
||||||
Retail Ventures, Inc. | ||||||
(on behalf of itself and its subsidiaries | ||||||
other than DSW Inc. and its subsidiaries) | ||||||
|
||||||
By: | /s/ James A. McGrady | |||||
|
Name: | James A. McGrady | ||||
Title: | Chief Executive Officer, Chief Financial Officer, President and Treasurer | |||||
|
||||||
September 25, 2009 | ||||||
|
||||||
DSW | ||||||
|
||||||
DSW Inc. | ||||||
(on behalf of itself and its subsidiaries) | ||||||
|
||||||
By: | /s/ Douglas J. Probst | |||||
|
Name: | Douglas J. Probst | ||||
Title: | Executive Vice President and Chief Financial Officer | |||||
|
||||||
September 25, 2009 |
6
DEBTORS : | OFFICIAL COMMITTEE OF UNSECURED CREDITORS: | |||||||||
|
||||||||||
FB Liquidating Estate, Inc. | ||||||||||
(formerly Filenes Basement, Inc.) | ||||||||||
|
||||||||||
By: | /s/ Alan Cohen | By: | /s/ Lawrence Gottlieb | |||||||
|
Name: | Alan Cohen | Name: | Lawrence Gottlieb | ||||||
|
Title: | Chief Restructuring Officer | Title: | Duly Authorized Signatory | ||||||
|
||||||||||
September 25, 2009 | ||||||||||
|
||||||||||
FB Services LLC | ||||||||||
|
||||||||||
By: | /s/ Alan Cohen | |||||||||
|
Name: | Alan Cohen | ||||||||
|
Title: | Chief Restructuring Officer | ||||||||
|
||||||||||
FB Leasing Services LLC | ||||||||||
|
||||||||||
By: | /s/ Alan Cohen | |||||||||
|
Name: | Alan Cohen | ||||||||
|
Title: | Chief Restructuring Officer | ||||||||
|
||||||||||
September 25, 2009 |
7
1. |
I have reviewed this quarterly report on Form 10-Q of DSW Inc.;
|
||
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the
period covered by this report;
|
||
3. |
Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the periods presented in this
report;
|
||
4. |
The registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f))for the registrant and have:
|
(a) |
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in
which this report is being prepared;
|
||
(b) |
Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles;
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(c) |
Evaluated the effectiveness of the registrants disclosure controls and
procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this report
based on such evaluation; and
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(d) |
Disclosed in this report any change in the registrants internal control over
financial reporting that occurred during the registrants most recent fiscal quarter
(the registrants fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrants
internal control over financial reporting; and
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5. |
The registrants other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrants auditors and the
audit committee of the registrants board of directors (or persons performing the equivalent
functions):
|
(a) |
All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely
affect the registrants ability to record, process, summarize and report financial
information; and
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(b) |
Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrants internal control over financial
reporting.
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Date: December 3, 2009 | /s/ Michael R. MacDonald | |||
Michael R. MacDonald | ||||
President and Chief Executive Officer |
1. |
I have reviewed this quarterly report on Form 10-Q of DSW Inc.;
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2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;
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3. |
Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the periods presented in this
report;
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4. |
The registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and have:
|
(a) |
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in
which this report is being prepared;
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(b) |
Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles;
|
||
(c) |
Evaluated the effectiveness of the registrants disclosure controls and
procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this report
based on such evaluation; and
|
||
(d) |
Disclosed in this report any change in the registrants internal control over
financial reporting that occurred during the registrants most recent fiscal quarter
(the registrants fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrants
internal control over financial reporting; and
|
5. |
The registrants other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrants auditors and the
audit committee of the registrants board of directors (or persons performing the equivalent
functions):
|
(a) |
All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely
affect the registrants ability to record, process, summarize and report financial
information; and
|
||
(b) |
Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrants internal control over financial
reporting.
|
Date: December 3, 2009 | /s/ Douglas J. Probst | |||
Douglas J. Probst | ||||
Executive Vice President and Chief Financial Officer |
(1) |
The Report fully complies with the requirements of section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and
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(2) |
The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
|
December 3, 2009 | /s/ Michael R. MacDonald | |||
Michael R. MacDonald | ||||
President and Chief Executive Officer |
(1) |
The Report fully complies with the requirements of section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and
|
||
(2) |
The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
|
December 3, 2009 | /s/ Douglas J. Probst | |||
Douglas J. Probst | ||||
Executive Vice President and Chief Financial Officer |